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On Real Estate - Jim Cramer Says "Buy Buy Buy!" & Donald Trump Agrees - in Some Markets!

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Services for Real Estate Pros

Jim Cramer, the host of CNBC's Mad Money, one of the most outspoken critics of the real estate market earlier this year has changed his tone!

Hot on the heels of its surprise inter-session rate cut of 75 basis points last week, Ben Bernanke at the Federal Reserve cut key interest rates again, the fifth straight cut since September 2007.

Cramer has continued to be critical about Ben Bernanke, along with Donald Trump who was a guest on Mad Money last week. Donald Trump said Fed chairmen Ben Bernanke is behind the curve and is following rather than leading the markets. Trump said now is the time to buy a good real estate investment trust.

And last night on Mad Money, Jim Cramer said he's so confident in the market that he would even consider buying a house!  This is a significant turnaround for Cramer's statements back in September.

A turnaround in real estate is inevitable, he emphasized. "This cut has given investors an opportunity to make money," Cramer said.

Real Estate is still a good investment. Hopefully Cramer's comments will help public perception. What are your thoughts?

 

Comments(12)

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Joan Whitebook
BHG The Masiello Group - Nashua, NH
Consumer Focused Real Estate Services
Okay -- let's see if Jim puts his money where his mouth is! 
Jan 31, 2008 01:48 PM
Jim Albano
Prudential Damiano Realty - Little Falls, NJ
Team - Jean-Marie Vantuno / Realtors North Jersey Real Estate
Let's hope everyone was listening to that instead of the usual negative comments by the media.
Jan 31, 2008 01:51 PM
Eric Kodner
Madeline Island Realty - La Pointe, WI
CRS, Madeline Island Realty, LaPointe, WI 54850 -

Jim Cramer is all over the map in his opinions about real estate.  I'm not sure I'm ready to forgive him yet for the ignorant comments he made about the market four months ago.

Jan 31, 2008 01:56 PM
Todd and Danielle Millar
Glenn Simon Inc. - Edmonton, AB
Nineteen years of excellence!
I would and will buy in America and I am sure many savvy investors are out there shopping like mad.  You just have to be selective. 
Jan 31, 2008 02:04 PM
Deborah Burns ~ Seattle Real Estate Agent
Realty Executives -BRIO - Seattle, WA

This is a great media turning point!  Flash captures the attention, and a buzz begins.

Jan 31, 2008 02:21 PM
Ryan Hukill - Edmond
405home @ ERA Courtyard - Edmond, OK
Realtor, Team Lead
Jim never puts his money where his mouth is.  He just puts his mouth wherever the money will come from for that day.  This @$$clown lost all credibility long ago!
Jan 31, 2008 02:38 PM
Monica Bourgeau
Portland, OR
Authentic Marketing for Heart-Led Agents

Hi Joan - I agree, let's see if he follows through & stays positive.

Eric & Jim - I understand completely. Cramer has some work to do before he has redeemed himself for his last comments.

Todd & Danielle - I think you're right, the investors are entering a lot of markets now because there are some great deals out there.

Deborah - I agree, unfortunately his positive comments are making the headlines that his negative comments made.

Jan 31, 2008 03:08 PM
Dawn Rodriguez
HomeRun Title - Hollywood, FL
HomeRun Title - Title Insurance Company

He said "Buy, Buy, Buy", followed by "Not in Florida or California". Thank-you very much Jim, for I happen to be in the Florida market.

Jan 31, 2008 10:37 PM
Leesa Finley
RED Properties - Wake Forest, NC
RED Properties - Raleigh NC Real Estate

The comment above by Ryan was pretty funny and gave me my giggle for the day.  I get so frustrated that the general public listen to these talking heads.  Of course, I want people to buy now, it is just sad that they have to have someone like Cramer to tell them to. 

Jan 31, 2008 10:42 PM
Sandra Workman
Coldwell Banker Realty - Bradley, IL
BBA, Broker, CRS, GRI, ABR, SFR, CNE, ePRO, CNHS
We are an hour and 1/2 South of Chicago and we've seen a number of investors from Chicago come down and begin to buy up foreclosed properties.  They aren't selling them, they are holding onto them for rentals.  And, these aren't random purchases, they are buying 5-8 houses at a time.
Feb 17, 2008 05:35 AM
Cameron Keegan
RE/MAX Moves - Greenville, SC
Cameron Keegan
I still dislike Jim more than he will ever know.
Mar 03, 2008 02:24 PM
Joseph Grabowski
Keller Williams Preferred Real Estate - Yardley, PA
REALTOR - 4saleinbucks.com
Cramer said he would consider buying a house, seeing how much the desperate sellers have slashed their prices. Of course when things are on sale, most people want to buy.
Apr 01, 2008 05:18 PM
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